Member Info for Dreamboatwarrior

No worries Medar

Can we get back on track please

The question is Red … who scuppered it and why ?
Or was it just poorly thought out

Fortissimo
Agree Blackrock not onside but fairly certain their investment will be of strategic interest to someone and they’ll want top dollar ….. same with Norges
We know what’s coming here but what will trigger the first move ? AGM has given us a timeline at least

It’s clear all this squabbling is simply an attempt to detract form any constructive debate

Fortissimo
Irwin’s silence does indeed speak volumes and indicates to me that whatever the plan is, he is indeed still onside . Between Nick ( in his various guises) and CGP that’s 20% …. You can be sure that the likes of Tenstar , Valuestone, Norges & Blackrock will want a decent return on their investments too.
There is also no guarantee that NCM will roll over for BHP and will also want top dollar for their “strategic investment “
So the reason BHP have not bid is either because they don’t think it’ll succeed or they just don’t want it …… it seems to suit their MO moving forward perfectly, but the same could easily be said for Barrick, Rio ( less so ) and the Chinese ….. all will have to play out prior to December’s AGM

Quady?

https://www.thearmchairtrader.com/solgold-management-changes-restore-investor-confidence/

"SolGold still in the driving seat
Despite the perceived management turmoil, when it comes to it SolGold are still in the driving seat at the Cascabel Project – which is a seriously chunky deposit that has the potential to become a Tier 1 mine.

Back in April the company announced plans to start mine construction at Cascabel in the fourth quarter of 2024. SolGold said the project’s prefeasibility study would be completed by the end of this year, with the final feasibility study due next year.

In its prefeasibility study for the Alpala underground deposit, it outlined 9.9 million tonnes of copper, 21.7 million ounces (Moz) of gold and 92.2Moz of silver in measured and indicated resources. The prefeasibility puts investment at USD4.88bn over nine years in pre-production and post-production capital.

Of the amount, USD2.75bn would be pre-production capex to be invested by 2029 and USD2.14bn by 2032, when full production should be achieved. The average annual production in the five years following initial ramp-up is put at 190,000 tonnes per annum (Tpa) copper, 680,000 ounces per year of gold and 1.3Mozpa silver.

Once constructed, Cascabel will become one of the top 20 copper-gold operations in South America. It also has a number of exciting exploration prospects including Porvenir, which is being test-drilled currently, and the Helipuerto project in southern Ecuador.

On paper, SolGold has a strong hand, an exciting future – especially as the energy transition gains momentum and the demand for copper increases – it remains to be seen whether the management changes will be enough to restore confidence in the miner, drive the development of Cascabel into an operational mine, and secure the requisite finance for SolGold to match its ambitions.

As Marshall said on leaving the building: “The challenge, as with all similar projects, is turning an exploration dream into a mining reality.”

Pretty much agree with all of that ….. whatever “the end game” is here I’d say it’s been greatly accelerated over the last two weeks …. My guess is more by design with a sprinkling of incompetence

Red it looks (after picking through the bones) fairly straightforward now. The BOD are all toast in December so the need to trigger a bid ( or bidding war ) before then …. The way they now chose to fund the company could easily accelerate the process.
Streaming deal would suit the market but most certainly **** off the likes of BHP & NCM….. but would it be enough to force their hand??
A cash box would introduce new investors which wouldn’t go down that well either with BHP or NCM
Game of chicken being played out for very high stakes here right now ….

Q as I said I have not had you filtered for about a month …. RK most certainly has …… when I’m flat I sometimes need something to make me laugh
Now let’s try and be civil if you can?
Plenty of relevant stuff to discuss today in case it passed you by

Q …. He has you filtered and you know it, just stop with the insults and insinuations and try contributing something useful

Red she must have resigned…. Ask Q ….. the company said it so it must be true !!

Ha Add
My favourite was
If you’re not a socialist at 20 you don’t have a heart, if you’re a socialist at 40 you don’t have a brain … or something along those lines
Down half a penny on supposedly terrible news, a big mess or simply part of a process…. I guess we’ll know soon enough 4 months til AGM

I think it could well be the beginning of the process Q ….. but that’s just my take ….. added a fair few

Zzzzzzz

“The research shows a big chunk of all IPOs are still in gold, but many of them are gold-copper with the copper side increasingly relevant.
The most successful Australian gold mining entrepreneur of the past decade, Bill Beament, committed a kind of heresy at the 2021 Diggers & Dealers when he declared gold was “not green” and he would instead pursue a future in “green metals” like copper.
Mr Andrawes expects the local gold industry to remain strong, but he sees battery minerals and green metals becoming a key pillar of the Australian economy”

Like this bit too

“Anyone even halfway advanced in developing a lithium project had electric vehicle manufacturers and battery manufacturers all over them for off-take,” he said.
“From the top end of town, reflected right through the industry, down to the smaller end, there’s strong interest in energy transition.
“It comes into battery minerals, it comes into copper, which is part of the transmission of energy, and even uranium has interest because of the carbon-free element of the power it generates.”

Great find Pad …. You never disappoint

To be fair it made me chuckle….. the funny thing is if anyone actually believed administration was a possibility they wouldn’t be here ….. tell me another, the one where electrification isn’t the way forward